Major advantages of a partnership over a sole proprietorship include having
diverse management talent and the ability to sell shares of stock to the public
to raise operating funds.

Question

Quizplus · Accepted Answer

The statement is not entirely correct. While diversification of management expertise is a potential advantage of a partnership over a sole proprietorship, partnerships do not have the ability to sell shares of stock to the public as a means of raising funds. That ability is reserved for corporations.

Major Advantages of a Partnership Over a Sole Proprietorship Include